Arch Capital Group Ltd. (NASDAQ:ACGL) Stock Holdings Decreased by Invesco Ltd.

Invesco Ltd. reduced its stake in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 12.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,105,410 shares of the insurance provider's stock after selling 563,560 shares during the period. Invesco Ltd. owned approximately 1.09% of Arch Capital Group worth $379,135,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in Arch Capital Group during the 4th quarter worth approximately $37,000. Golden State Wealth Management LLC acquired a new position in shares of Arch Capital Group during the fourth quarter worth about $42,000. Y.D. More Investments Ltd increased its stake in shares of Arch Capital Group by 125.6% during the fourth quarter. Y.D. More Investments Ltd now owns 467 shares of the insurance provider's stock worth $43,000 after buying an additional 260 shares during the period. UMB Bank n.a. lifted its stake in Arch Capital Group by 97.0% in the fourth quarter. UMB Bank n.a. now owns 841 shares of the insurance provider's stock worth $78,000 after acquiring an additional 414 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Arch Capital Group by 47.0% in the 4th quarter. Larson Financial Group LLC now owns 910 shares of the insurance provider's stock valued at $84,000 after purchasing an additional 291 shares during the last quarter. Hedge funds and other institutional investors own 89.07% of the company's stock.

Arch Capital Group Stock Down 0.2 %

Shares of ACGL traded down $0.23 during midday trading on Tuesday, hitting $92.64. The company had a trading volume of 323,125 shares, compared to its average volume of 1,732,067. The company's 50 day moving average price is $91.52 and its 200 day moving average price is $96.26. Arch Capital Group Ltd. has a 52 week low of $82.49 and a 52 week high of $116.47. The stock has a market cap of $34.81 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 2.31 and a beta of 0.36. The company has a quick ratio of 0.58, a current ratio of 0.54 and a debt-to-equity ratio of 0.15.

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Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $2.26 EPS for the quarter, beating the consensus estimate of $1.90 by $0.36. Arch Capital Group had a net margin of 24.73% and a return on equity of 17.96%. During the same period last year, the firm posted $2.45 earnings per share. On average, equities research analysts predict that Arch Capital Group Ltd. will post 8.42 EPS for the current year.

Insider Buying and Selling at Arch Capital Group

In related news, insider Louis T. Petrillo sold 11,600 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $91.00, for a total transaction of $1,055,600.00. Following the sale, the insider now owns 140,023 shares of the company's stock, valued at $12,742,093. The trade was a 7.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on ACGL. Royal Bank of Canada cut their target price on Arch Capital Group from $125.00 to $110.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Barclays lowered their target price on shares of Arch Capital Group from $100.00 to $93.00 and set an "equal weight" rating for the company in a report on Friday. UBS Group reduced their price target on shares of Arch Capital Group from $127.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. raised their price objective on Arch Capital Group from $106.00 to $107.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Finally, Wells Fargo & Company reduced their target price on Arch Capital Group from $107.00 to $106.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Arch Capital Group has an average rating of "Moderate Buy" and a consensus price target of $114.88.

Arch Capital Group Company Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.